Property Overview: 354 Jacques Avenue, Grassie, Winnipeg

Key Characteristics & Appeal

This single-storey home at 354 Jacques Avenue presents a practical opportunity in Winnipeg's Grassie neighbourhood. Built in 1994, it offers 1,374 sqft of living space and sits on a 6,198 sqft lot, both metrics that are comfortably average for the immediate street and area. A key characteristic is its attached garage and existing (though unrenovated) basement, offering functional space and future potential.

The primary appeal lies in its value proposition. The home's assessed value is notably below average for its own street and the Grassie area, suggesting a potentially more accessible entry point into this location. For a city-wide perspective, however, the home is newer than the Winnipeg average and sits on an above-average sized lot. This combination makes it a candidate for buyers who see value in a solid foundation—a home that is well-situated on its lot and of a relatively modern build, but which may benefit from updates. It would suit a first-time buyer, a practical downsizer looking for single-level living, or an investor seeking a property with a value-add opportunity through gradual improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes on Jacques Avenue?
While the exact reason for an assessment is specific to the property, a below-average assessment on a street where other homes average higher can sometimes relate to the home's condition, specific features, or the timing of upgrades. It's a key point to discuss with your real estate agent.

2. What does "basement, not renovated" typically imply?
This usually indicates a functional, usable basement space that is in original or utilitarian condition. It likely provides ample storage and space for utilities, but may not have finished living areas like a rec room or bedroom. It represents both immediate utility and clear potential for future finishing.

3. How does the lot size compare, and what does that mean for me?
At just over 6,000 sqft, the lot is above average for Winnipeg. On this specific street, it's about average. This provides good outdoor space for gardening, play, or entertaining, without the extensive maintenance of a much larger yard.

4. The home sold in early 2019. What can that past sale tell me?
The sold price from 2019 provides a historical benchmark, but it's essential to view it in the context of the significant market changes since then. It's more useful as a data point for understanding the property's history rather than as a direct indicator of its current market value.

5. Who might this property not be suitable for?
This home may not suit buyers seeking a fully updated, move-in-ready property without any projects. Similarly, those prioritizing a home with top-tier finishes or one that stands above its immediate neighbours in terms of size or perceived value might want to look elsewhere. It's a property for those who appreciate underlying value and potential.